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Wholesale chicken wing prices have risen for six consecutive weeks into mid-June 2024, running at their second-highest level since 1997 and behind only the 2021 peak. Expana says wing demand usually eases in summer, so a shift in the trend may be coming.
Canadian turkey imports into the US also rose 52.5% from January to April versus the five-year average.
Strong wing prices signal firm chicken demand and tight supply, though seasonal easing could soften prices later in summer.
expanamarkets.comJake Mills-ZivanovicJun 13, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
